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Surgent's Max the Tax: Section 754 (Z1-MTT6-2022-01-SSDL)

50 Minutes
On demand - Video

On Demand - Video

1 CPE Credits in TX
Note Short, immersive, game-based CPE course

OVERVIEW

In this interactive game-based course, you must help two firms with Section 754. First, partners at LMN, LLP are considering electing Section 754. They need to understand key aspects of the process and want to ensure the best outcome to their basis in partnership property and interest. Participants must then leverage their knowledge and calculate the adjusted basis balance sheet for another firm that already elected Section 754.

BENEFITS

  • Determine the amount of a Section 754 basis step-up 
  • Know how to allocate the basis step-up to the partnership's assets 
  • Know how a partnership makes a Section 754 election and reports it to the IRS

HIGHLIGHTS

  • How and why a partnership makes a 754 election 
  • The effect of the 754 election when an interest in a partnership is sold or inherited 
  • How the 754 election applies when a partnership makes a distribution of property to one or more of its partners 
  • How to make the 754 basis adjustment

COURSE LEVEL

Intermediate

PREREQUISITES

A basic understanding of the tax rules impacting individuals and pass-through entities

PRICING

$49.00 - Member

$69.00 - Nonmember

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

Surgent

AREAS OF INTEREST

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